Loans without a guarantor can be requested without the help of a third person.
As the interested party will be able to independently provide the guarantees required by the credit institution.
The loans without the most requested guarantors are certainly those that provide for the transfer of the fifth. This happens because with this particular personal loan, it is not the direct interested in providing for the repayment of the debt, but it will be its employer or retirement pension institution. This makes sure that the bank that will provide the desired amount can be sure of a secure and timely repayment.
This line of credit, however, is reserved for two well-defined categories, that is, employees, with a regular employment contract and pensioners. The repayment installment can never exceed one fifth of the salary or pension, ensuring greater economic serenity and will be deducted monthly from the paycheck or from the pension holder’s pension.
In addition, this line of credit may also be requested by bad payers or protestors who will have a better chance of being approved for the financing to be used later for the purchase of any good or service without having to provide any justification to the bank.
Loans with bills of exchange or loans that have been changed are also loans without guarantors. Unlike a traditional personal loan, this form of credit provides for the reimbursement of the amount due to the credit institution, through bills of exchange. In this case the use of the guarantor will not be fundamental since it will be possible to use as a guarantee the ownership of an immovable property. Being a homeowner, therefore, allows you to get the loan very quickly without having to resort to the guarantor who will have to provide its own income guarantees to the bank.
In the event that, however, the debtor does not provide for the regular payment of one or more bills, it is important to know that the bank can make use of the execution of the bill and can therefore request the attachment of the asset used as collateral to the competent Judicial Authority . The asset will subsequently be sold at auction and with the sum obtained, the debt will be settled with the creditor, or the bank at which the contract will be stipulated. So it is important to evaluate scrupulously the possibility or otherwise of repaying on a regular basis and therefore within the deadline, the bills because the house is a fundamental asset.
The loan can also be requested by self-employed employees, self-employed, unemployed, housewives, students and all those who do not have a regular employment contract. These subjects just mentioned, excluding self-employed, can not in any way be in possession of an income document and therefore to request a loan without a guarantor will have to use this form of credit in order to obtain the liquidity that is needed.
It can also be requested by all those who have had financial problems in the past and have therefore not regularly repaid the loan obtained: protested or bad payers. It will then be the banking group to examine and evaluate the request and decide whether or not to disburse the sum of money.
Loans without guarantees
Loans without guarantees offer the possibility of having access to a line of credit, even to all those who do not have a temporary guarantee of income.
Often the categories of customers who need funding without guarantees are all those who already have a loan in progress and therefore do not have the opportunity to be approved another request, but there are also housewives, the unemployed, students or all those who have a job in black and do not have the opportunity to prove any income document.
At the time of requesting a personal loan to be used later to finance any type of purchase, the bank requires its potential client, a guarantee that allows the bank to trust its client before delivering the desired amount of money.
The guarantees required are very often the last paychecks for employees with public or private office, Cud for self-employed workers and pension slip for applicants who receive a pension. But in addition to these just mentioned, there are additional guarantees that the customer who needs financing can offer the credit institution. One of these is, for example, a building like the house, owned by it.
Offering a real estate as a guarantee, it will be possible to apply for a loan with an annuity or a loan with bills of exchange, commonly known also as the loan name.
Loans Without Warranties: Life Loan
The loan with an annuity is a credit line that allows a person who needs a sum of money to obtain financing, without having to necessarily repay it. This is possible because the customer will decide at any time to become the bank that owns the property he owns at least that his future heirs do not provide after the repayment of the remaining debt.
Loans Without Warranties: Loan Changed
The other solution is instead the loan with bills of exchange that provides for each month the payment of bills that will have an expiration date and must therefore be paid by that date. In the event that this does not happen for any reason, the house used as a guarantee can be attached and auctioned to allow the bank to get back the remaining sum of the debt, which the customer will not have paid regularly.
Loans Without Warranties: Loan with Guarantor
If, on the other hand, those who need funding without guarantees do not have a real estate, they can contact a trustworthy person who will take on the role of guarantor. The guarantor must be present at the time of the request and must be in possession of the following documentation: a valid identity document, its tax code and an income document certifying the possibility of repaying the debt in the event that the principal holder of the loan does not perform its duties and therefore does not pay one or more installments of the requested loan.
The guarantor, besides being in possession of an income guarantee that obviously a housewife or unemployed person does not have, is important that it has never been included in the register of protestants or bad payers for previous loans. This will be very important to allow the bank to approve the personal loan very quickly.
Financing Without Guarantor
Funding without a guarantor can only be requested by those who can demonstrate their own income capacity.
In fact, the guarantor is requested by the credit institutions, only if the customer who requests a personal loan does not meet all the requirements requested by the bank. Therefore, a third person is required who will become jointly liable, must therefore make available its own income guarantees and will assume the responsibility of settling the residual debt if the principal holder of the loan does not provide for the payment of one or more repayment installments. At the time of the request it will be necessary to present to the credit institution both the documentation of the client and the one concerning the guarantor.
It is important to clarify that, who in the past has had problems in the regular repayment of a loan and is therefore protested or bad payer, will have serious difficulties in requesting a loan without a guarantor, at least that a loan with assignment of the fifth is not used. So we explain what this line of credit consists of.
A loan without a guarantor is defined, for example the assignment of the fifth. This is a personal loan that can only be requested by employees or pensioners because they fall into the category of subjects who receive a sum of money that can be demonstrated every month by means of a paycheck or pension slip. With this loan you can request a sum of money for any type of purchase against a monthly repayment installment that can never exceed one fifth of your salary or pension.
If, on the other hand, the applicant does not have a demonstrable source of income or a building, the guarantor’s assistance in order to obtain financing will remain the only possibility.